When You Have a Population That Does Not Allow for Probability

question 70

Multiple Choice

When you have a population that does not allow for probability sampling,one way of stating your findings that is what?

• A) say that your findings are statistically significant
• B) say that your findings are significant but not random
• C) say that your findings represent a statistically discernible difference
• D) say that your findings are as significant as if you have been able to use randomization

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Definitions:

Revenue Variance

The gap between what was expected in revenue and what was actually earned.

Budgeting Formulas

Mathematical expressions used to forecast and plan financial outcomes based on various inputs and assumptions.

Actual Level

The current, real-world status or extent of an activity or performance.

Revenue Variance

The difference between actual revenue and budgeted or forecasted revenue, indicating a company's financial performance.